Qualtrics International Inc. (NASDAQ:XM) Shares Bought by ExodusPoint Capital Management LP

Posted by Defense World Staff on Jun 8th, 2023

ExodusPoint Capital Management LP increased its stake in Qualtrics International Inc. (NASDAQ:XM – Get Rating) by 1,779.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,426 shares of the company’s stock after purchasing an additional 235,208 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Qualtrics International were worth $2,579,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Global Wealth Strategies & Associates acquired a new stake in Qualtrics International during the 4th quarter worth about $31,000. Lazard Asset Management LLC acquired a new position in shares of Qualtrics International in the 3rd quarter valued at about $63,000. IFP Advisors Inc increased its holdings in shares of Qualtrics International by 2,000.0% in the 3rd quarter. IFP Advisors Inc now owns 2,100 shares of the company’s stock valued at $97,000 after purchasing an additional 2,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of Qualtrics International in the 4th quarter valued at about $110,000. Finally, Handelsbanken Fonder AB acquired a new position in shares of Qualtrics International in the 4th quarter valued at about $119,000. Institutional investors and hedge funds own 21.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on XM shares. StockNews.com started coverage on Qualtrics International in a report on Friday, May 19th. They issued a “sell” rating on the stock. Oppenheimer cut Qualtrics International from an “outperform” rating to a “market perform” rating in a research note on Wednesday, March 8th. Raymond James cut Qualtrics International from an “outperform” rating to a “market perform” rating in a research note on Tuesday, March 14th. Truist Financial cut Qualtrics International from a “buy” rating to a “hold” rating and boosted their price target for the company from $15.00 to $18.15 in a research note on Friday, March 24th. Finally, BMO Capital Markets cut Qualtrics International from an “outperform” rating to a “market perform” rating and boosted their price target for the company from $17.00 to $18.15 in a research note on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $17.93.

Qualtrics International Stock Performance

Shares of XM stock opened at $18.07 on Thursday. The stock’s fifty day moving average is $17.96 and its 200-day moving average is $17.68. Qualtrics International Inc. has a 52 week low of $9.32 and a 52 week high of $18.14.

Insider Transactions at Qualtrics International

In other news, insider De’porres Brightful sold 20,464 shares of the stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $17.90, for a total transaction of $366,305.60. Following the sale, the insider now owns 625,038 shares in the company, valued at $11,188,180.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, President Chris Beckstead sold 169,418 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $17.90, for a total transaction of $3,032,582.20. Following the sale, the president now owns 5,007,248 shares of the company’s stock, valued at $89,629,739.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider De’porres Brightful sold 20,464 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $17.90, for a total value of $366,305.60. Following the sale, the insider now directly owns 625,038 shares in the company, valued at approximately $11,188,180.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 555,702 shares of company stock worth $9,949,466. Insiders own 12.50% of the company’s stock.

About Qualtrics International

(Get Rating)

Qualtrics International Inc operates an experience management platform to manage customer, employee, product, and brand experiences worldwide. The company offers The Qualtrics Experience Management Platform, a system of action that guides users with specific instructions for improvement and automated actions to improve experiences, as well as for listening, understanding, and taking action on both structured and unstructured data.